What caught my eye today: The effects of parents’ unemployment on children, and central bank digital currencies, and will there be higher inflation in the United States?

The Federal Reserve revised its monetary policy strategy and adopts “average inflation targeting”. The target inflation rate is still two percent, but the new strategy might lead to somewhat higher inflation:

https://www.reuters.com/article/us-usa-fed-jacksonhole/in-landmark-shift-fed-rewrites-approach-to-inflation-labor-market-idUSKBN25N0HM

And here is the event and the video where Jay Powell made the announcement:

https://www.kansascityfed.org/publications/research/escp/symposiums/escp-2020

“Parents’ unemployment can hurt children’s lifelong earnings”. Interesting throughout!

https://www.upjohn.org/research-highlights/parents-unemployment-can-hurt-childens-lifelong-earnings

“Rise of the central bank digital currencies: drivers, approaches and technologies”. A useful overview of the Bank for International Settlements:

https://www.bis.org/publ/work880.htm